EL MONTE, Calif., Aug. 18, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (âGigaCloudâ or the âCompanyâ), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announcedâon the third anniversary of its IPOâthat its Board of Directors has authorized a new share repurchase program to repurchase up to $111 million of its Class A ordinary shares over the next three years. The program goes into effect on August 17, 2025 while the previous program is terminated.
Related Questions
How will the $111âŻmillion buyback be funded and what impact could it have on GigaCloud's cash position?
What is the expected effect of the repurchase on earnings per share and valuation multiples over the next three years?
How does this buyback program compare to those of peer companies in the B2B technology and parcel logistics space?